Mengshi new energy technology (Henan) Co., Ltd
First quarter report 2022
April 2022
Important content tips
The board of directors, the board of supervisors, directors, supervisors and senior managers guarantee that the quarterly report is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization (Accounting Supervisor) declare that they guarantee the authenticity, accuracy and completeness of the financial information in the quarterly report.
Has the first quarter report been audited
□ yes √ no
1、 Key financial data
（1） Major accounting data and financial indicators does the company need to retroactively adjust or restate the accounting data of previous years □ yes √ no
Increase or decrease in the reporting period compared with the same period of the previous year
Operating income (yuan): 2553429916421819786384 17.02%
Net profit attributable to shareholders of listed company (yuan) -12040815845 -22155967397 45.65%
Net profit attributable to shareholders of listed company after deducting non recurring loss of -8471997524 -15837328749 46.51% (yuan)
Net cash flow from operating activities (yuan) 69780120277107767018 – 1.83%
Basic earnings per share (yuan / share) -0.2122 -0.390545.66%
Diluted earnings per share (yuan / share) -0.2122 -0.390545.66%
Weighted average return on net assets 0.00% 0.00% 0.00%
Increase or decrease at the end of the reporting period compared with the end of the previous year
Total assets (yuan): 469569762467478263926668 – 1.82%
Owner’s equity attributable to shareholders of listed companies (yuan) -130665197210745069696 -112.16%
（2） Non recurring profit and loss items and amounts
Unit: Yuan
Description of the amount of the project in the current reporting period
Gains and losses on disposal of non current assets (including the write off part of the provision for asset impairment) 1151891
Government subsidies included in current profits and losses (closely related to the company’s normal business, in line with national policies and regulations, 417299222
(excluding government subsidies continuously enjoyed according to certain standard quota or quota)
Profit and loss from debt restructuring 19739493
In addition to the effective hedging business related to the normal business of the company, it holds trading financial assets and trading
Profit and loss from changes in fair value arising from convertible financial liabilities, and disposal of trading financial assets and trading funds -998419
Investment income from financial liabilities and available for sale financial assets
The impairment provision of receivables subject to independent impairment test is reversed by 710000000
Other non operating income and expenses other than the above -4574114328 penalty interest, liquidated damages, etc
Less: income tax impact 87206831
Influence amount of minority shareholders’ equity (after tax) 54689349
Total -35 Shengyi Electronics Co.Ltd(688183) 21–
Details of other profit and loss items that meet the definition of non recurring profit and loss: □ applicable √ not applicable. The company does not have details of other profit and loss items that meet the definition of non recurring profit and loss.
Description of defining the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items: □ applicable √ not applicable. The company does not define the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items.
（3） Changes and reasons of main accounting data and financial indicators
1. The monetary capital on March 31, 2022 increased by 450237 million yuan or 79.41% compared with the end of 2021, mainly due to the return of land received by the subsidiary Sanmenxia lion and the recovery from the disposal of long-term assets during the reporting period.
2. Trading financial assets on March 31, 2022 increased by 1.4884 million yuan or 290.93% compared with the end of 2021, mainly due to the short-term structural deposits purchased by the subsidiary Xiamen Gaorong in order to improve the efficiency of working capital use during the reporting period.
3. The financing of accounts receivable on March 31, 2022 decreased by 3.064 million yuan or 83.38% compared with the end of 2021, mainly due to the endorsement and transfer of notes receivable or due acceptance.
4. Other non current assets on March 31, 2022 decreased by 695556 million yuan or 37.53% compared with the end of 2021, mainly due to the return of prepaid land payment and the transfer of prepaid car purchase payment to fixed assets during the reporting period.
5. Other non current liabilities on March 31, 2022 decreased by 9.9387 million yuan or 57.09% compared with the end of 2021, mainly due to the disposal of some vehicles by the subsidiary Zhengzhou Dakar full rent and purchase business during the reporting period. The business mode of full payment rental purchase is: After accepting the customer’s entrustment to purchase vehicles and handle vehicle registration, the vehicles will be used by the customer. Subsequently, the company still needs to provide a series of services such as vehicle insurance and annual vehicle inspection. When the agreed service period expires, the vehicle will be transferred to the customer’s name, and the customer will obtain the vehicle ownership at that time. Considering the particularity of its assets and the company still bears the risks related to assets during the service period, the company lists the assets in other non current assets and the corresponding liabilities in other non current liabilities, and reflects the net amount of other non current assets and other non current liabilities in the balance sheet after hedging. The balance of liabilities is actually the value-added tax received by the company from customers. When the vehicle is transferred to customers, It will lead to the decrease of other non current liabilities.
6. In the first quarter of 2022, the administrative expenses decreased by 310858 million yuan compared with the same period of the previous year, with a year-on-year decrease of 37.75%, mainly due to the large amount of employee resignation compensation accrued in the same period of the previous year and the expansion of the production capacity of some factories in 2022, resulting in a year-on-year decrease in the depreciation included in the administrative expenses.
7. In the first quarter of 2022, the financial expenses decreased by 393779 million yuan over the same period of the previous year, a year-on-year decrease of 45.51%, mainly due to the reduction of the accrued financial expenses due to the exemption of some creditors from the company’s debts in 2021.
8. In the first quarter of 2022, other income increased by 1.5588 million yuan over the same period of last year, with a year-on-year increase of 60.32%, mainly due to more government subsidies obtained during the reporting period.
9. In the first quarter of 2022, the non operating expenditure decreased by 267543 million yuan compared with the same period of the previous year, a year-on-year decrease of 40.93%, mainly due to the exemption of some creditors from the company’s debts in 2021, resulting in the decrease of accrued default interest and liquidated damages.
10. In the first quarter of 2022, the income tax expense increased by 1425700 yuan over the same period of the previous year, with a year-on-year increase of 1289982%, mainly due to the deferred income tax expense withdrawn by the subsidiary Dakar due to the difference of fixed asset depreciation tax.
2、 Shareholder information (I) total number of ordinary shareholders, number of preferred shareholders whose voting rights have been restored and shareholding of the top ten shareholders
Unit: shares
Total number of common shareholders at the end of the reporting period 18402 total number of preferred 0 shareholders whose voting rights were restored at the end of the reporting period (if any)
Shareholding of top 10 shareholders
Shareholder name shareholder nature shareholding proportion shareholding quantity holding Limited sales note pledge, marking or freezing
Number of shares in a piece number of shares in a state
Shantou Chenghai District Humei battery has domestic non-state-owned legal person pledge 112176516 Co., Ltd. 19.77% 112176520 frozen
112176,520
Pledge 41673935 Chen Lewu domestic natural person 7.45% 4227090031703175 frozen
42,270900
Shenzhen qianhaiyide capital advantageous equity pledge 29057000 investment fund partnership (limited domestic non-state-owned legal person 5.12% frozen)
(partner)
